IBOCINTERNATIONAL BANCSHARES CORP
State Commercial Banks
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Market cap
- $4.2B
- Employees
- 2,126
- Net debt / EBITDA
- —
- AI in 10-K
- 12.4
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo2 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$2M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo119% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo19% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo2% of assetsOver 40% of assets
- Shareholder dissentNo97% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo12.4 per 10K words · 95th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$4.2B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$720K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Net income | $254M | $300M | $412M | $409M | $412M | 0.8% |
| Operating cash flow | $292M | $388M | $474M | $474M | $491M | 3.6% |
| Capex | $10M | $19M | $27M | $14M | $18M | 28% |
| Stock-based comp | $506K | $449K | $330K | $214K | $104K | 51% |
| Buybacks | $716K | $52M | $5M | $963K | $5M | 379% |
| Dividends | $73M | $75M | $78M | $82M | $87M | 6.1% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Sep 11, 2020 | SANCHEZ ANTONIO R JR | SC 13D/A | 11.1% | Passive |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $720K · 1
- Net
- −$720K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $3M | $3M | 202 | 169 |
| FY2024 | $2M | $2M | 170 | 144 |
| FY2023 | $2M | $2M | 184 | 153 |
| FY2022 | $2M | $2M | 151 | 155 |
| FY2021 | $3M | $3M | 136 | 161 |